Ryman Hospitality Properties, a lodging and hospitality real estate investment trust, agreed to acquire JW Marriott San Antonio Hill Country Resort & Spa from Blackstone Real Estate Income Trust, a perpetual-life, institutional quality real estate investment platform, for $800m. "We identified the JW Marriott Hill Country as an ideal acquisition target quite some time ago. Located in an attractive and growing market with no emerging competitive supply, this beautiful resort is a natural complement to our existing Gaylord Hotels portfolio and offers significant opportunities to serve the group and leisure sides of our business. The acquisition price represents a Trailing Twelve Months (through March 31, 2023) Adjusted EBITDAre multiple of approximately 12.6x," Mark Fioravanti, Ryman Hospitality Properties President and CEO.